Real Estate

Strengthening the Foundations of Real Estate

The real estate sector faces several challenges globally, in general, and in the GCC, in particular. Since the great depression of 2008, countries like UAE woke up to stringent regulation of the real estate sector, which later on saw the rise of Real Estate Regulatory Authority transformation into a robust regulatory arm of Dubai with Mollak’s escrow arrangements and mandatory reporting requirements. Similarly, projects like Neom in KSA and inhibition programs for the vast landmass in Oman have added to the resurrection of the real estate sector in GCC. Lately, rising interest rates have made it quite expensive for developers to finance new projects, leading to higher construction costs and potentially lower profits. Over the last decade, the real estate sector has observed the development of a close and strong relation with the financial services sector by virtue of the advent of Real Estate Investment Trusts (REITs) that are today affected by higher interest expenses, reducing their profitability and distributions to shareholders. We’ve been around long enough to observe firsthand the fall and resurrection of the real estate sector in GCC, and are well equipped to cater to the needs of regulatory compliance, dispute resolution challenges, and financing needs of the sector.

Our Comprehensive Suite of Services for Real Estate Sector

Our service offerings to the real estate sector induce the following:

Partner with us to alleviate your compliance burdens, expansion needs and transformation considerations.